US HOUSING INVENTORY CRUNCH CONTINUES LIST YOUR HOUSE

US HOUSING INVENTORY CRUNCH CONTINUES LIST YOUR HOUSE

Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes.

Mortgage rateshovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!

At the same time, however, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

Trulia reportedthat“in Q4 2017, U.S. home inventory decreased by 10.5%. That isthe biggest drop we’ve seen since Q2 2013.”

Here is a chart showing the decrease in inventory levels by category:

The largest drop in inventory was in the starter home category which saw a19% dip in listings.

Bottom Line

Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2018, now may be the perfect time. Call me now for a free consultation and see what your home is worth. Moe 754-234-0637